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1 Peso
| Issuer | Provincia de Entre Ríos |
|---|---|
| Year | 2002 |
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| Value | Log in to see details |
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| Reference(s) | P#S0 |
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|---|---|
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| Reverse description | The reverse is entirely covered by a dense block of printed legal text in Spanish, setting out the authorizing legislation and decrees governing the issuance of these Treasury Letters, including references to Ley Nº 9317, Decreto 1836/02 GOB, and Decreto 2002/02 M.H. The heading LETRAS DE TESORERIA PARA CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE ENTRE RIOS "FEDERAL" runs across the top in bold uppercase. The text concludes with the place and date of issue: PARANA, 21 de Mayo de 2002. |
| Reverse lettering | LETRAS DE TESORERIA PARA CANCELACION DE OBLIGACIONES DE LA PROVINCIA DE ENTRE RIOS "FEDERAL" LEY Nº 9317 DECRETO 1836/02 GOB. DECRETO 2002/02 M.H. PARANA, 21 de Mayo de 2002 |
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| Comments |
The Provincia de Entre Ríos emergency peso was issued in 2002 as a provincial quasi-currency — one of the so-called "patacones" or regional scrip notes that proliferated across Argentina's provinces during the peso convertibility collapse. The federal government's December 2001 banking freeze ("corralito") left provincial administrations unable to pay salaries and suppliers in national currency, forcing at least nine provinces to issue their own parallel instruments that year.
Entre Ríos called theirs "Federales." They circulated alongside federal pesos at rough parity for everyday transactions, though many merchants and utilities were legally obligated to accept them — an obligation not always honored in practice.